Elon Musk and President Donald Trump are considering rewarding U.S. taxpayers with a Department of Government Efficiency (DOGE) dividend. James Fishback presented the idea of a DOGE dividend to Musk on X, formerly Twitter. He claims the government could return 20% of the savings DOGE has made cutting government spending and return it to taxpayers.
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Musk was supportive of the idea and presented it to President Trump, who spoke about it during an interview. The President is weighing the plan, saying 20% of the savings could be returned to American taxpayers while another 20% would go toward paying down the country’s debt.
The idea of a DOGE dividend has received mixed responses. Economists worry sending money back to taxpayers could increase inflation. That’s a major concern as the Federal Reserve has worked the past few years to stop rising inflation via interest rate cuts. However, users on X appear largely supportive of a DOGE dividend with some claiming the government should give back more than 20%.
Size of the Doge Dividend Payment
President Trump didn’t go into details about the size of the DOGE dividend, leaving taxpayers without a hard number to expect. Turning back to Fishback, his original proposal was for a 20% return to America’s 78 million tax-paying households. With DOGE savings of $2 trillion, he claims this would result in a $5,000 dividend payment for taxpayers.
What to Do With a DOGE Dividend Payment?
Just like President Trump’s plan for the DOGE savings, taxpayers receiving a potential dividend would benefit from reducing their debts. If that’s all squared away, investing is the next option that comes to mind. Comparing and contrasting the most popular stocks is a solid way to weigh investment options. A few standouts include Meta Platforms (META), Amazon (AMZN), Nvidia (NVDA), and Alibaba (BABA), each of which has a Strong Buy rating and strong upside potential.
